The Swingby Protocol has received a strategic grant from the Algorand Foundation to bring its Skybridge technology to the Algorand blockchain. The Swingby Skybridge is a trustless bridge between BSC, ETH and BTC, as well as other blockchains.
Algorand price ready for new yearly highs
On the 12-hour chart, the Algorand price had a significant breakout from a symmetrical triangle pattern with a price target of $2 in the long term. This was calculated using the maximum height of the pattern as a reference point.
ALGO/USD 12-hour chart
There is practically no resistance on the way up beside the $1.42 level, which has rejected the price several times in a row and the 2021 high of $1.84.